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๐จ SOUTH KOREA JUST PROPOSED TAXING UNREALIZED GAINS.
And this is one of the major reasons behind today's massive selloff in the Korean market, now being called BLACK TUESDAY in Korea.
At a forum hosted by South Korea's ruling Democratic Party, lawmakers called for comprehensive taxation that would treat unrealized gains on stocks and real estate as taxable income, even before the asset is ever sold.
The ruling party has pushed escalating wealth tax measures throughout 2026, including a February forum proposing to lower the real estate capital gains exemption threshold from 1.2 billion won to 800 million won, and an April push to abolish the long term holding tax deduction entirely.
Today is the first time this campaign has explicitly extended to taxing unrealized stock gains.
Under current law, investors are taxed only when they sell a stock and realize a profit.
Under this proposal, investors could owe tax on paper gains they have not sold or collected, simply for holding a stock that went up in value.
The Netherlands tried almost this exact policy four months ago.
On February 12, 2026, Dutch lawmakers passed a law taxing unrealized gains on stocks, bonds, and crypto at a flat 36% every year, whether or not anything was sold.
The backlash was immediate. A petition against it gathered more than 61,000 signatures, and Shopify CEO Tobi Lutke called it "the dumbest thing any government on planet earth is pursuing right now."
Just 13 days after the bill passed, the Dutch finance minister announced the government would scrap the unrealized gains portion entirely, admitting the law "cannot pass as is."
This lands directly on a South Korean market that just ran up nearly 95% over the past year, built largely on heavy retail buying with borrowed money.
A tax on gains that exist only on paper is a direct threat to the exact rally that created that exposure in the first place.
it's been ages since ive posted. (felt like it) just this past month i've been exploring the solana ecosystem, sidetracked from developing.
I would actually say it has been a great experience, stepping away from developing. exploring the many products that has been enabled thanks to web3.
To all aspiring web3 solidity devs and auditors, have a good read if you are struggling to stay consistent and show up for yourself.
Donโt forget that you are not the only one struggling in this journey of consistency. We all are.
After writing some code, brainstorming and checking with AI. I realised that calculating yield based on the previous scenario was seemingly impossible.
To proactively calculating, track, and update all users interest accrued on every rate change (to use the old rate for past periods) is not feasible due to gas limits, non-iterable mappings, and scalability. Especially in a protocol where they may be thousands of users.
So I reworked the scenario with a snapshot based yield calculation, using lazy accrual pattern. This checks out in code. โ๏ธ
Can I get some opinions on my function to calculate yield. I've layed out a scenario which my code will be based upon. Is this the right way I should go about building this? What else should I look out for? Love to hear from the active #web3#solidity builders here!
Today, @nodejs published a security release for Node.js that fixes a critical bug affecting virtually every production Node.js app.
If you use React Server Components, Next.js, or ANY APM tool (Datadog, New Relic, OpenTelemetry), your app could be vulnerable to DoS attacks.
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Can I get some opinions on my function to calculate yield. I've layed out a scenario which my code will be based upon. Is this the right way I should go about building this? What else should I look out for? Love to hear from the active #web3#solidity builders here!
Got started with my DeFi Project today, integrating the skills Iโve learned from Cyfrin so far. Got the overall project down and written some base structure of the project. Feeling good!
Here are the receipts to myself that I have stayed locked in to learn web3 daily. Proud of my consistency so far despite having a full time SWE job. Next up, building a DeFi project, where I want to explore outside of a simple "burn" and "mint" protocol.
What do everyone thinks about having a gihub repo with all green days contribution? This is mine so far since starting web3 learning. I should make it a habit to push code I write daily if I want to see more green days.
Advanced Foundry: Account Abstraction โ
Another section completed. Took my time to fully grasp AA, learned that ETH AA has to interact with EntryPoint.sol, while zkSync AA has native AA built in.
I will be taking a pause on Advanced Foundry, to build a DeFi protocol with the knowledge that I have attained so far. Reinforce and refresh what I have learnt.
Great to be back here sharing, wish me luck guys! โญ